Convergence

Akash Network

Artificial Intelligence

The Graph

The post <a href="https://coinpedia.org/price-analysis/akash-network-akt-and-the-graph-grt-surge-as-ai-tokens-rebound-whats-next/" rel="noopener noreferrer nofollow">Akash Network (AKT) And The Graph (GRT) Surge As AI Tokens Rebound! What’s Next?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
The crypto market continues to display a mixed sentiment amid increased price volatility in the cryptocurrency industry. Moreover, the market leader, <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" rel="noopener noreferrer nofollow">Bitcoin price</a>, continues hovering close to its resistance/support level of $62,000, indicating uncertainty in future price action.
On the other hand, the Artificial Intelligence (AI) category continues to display a strong bullish price sentiment with top AI tokens recording significant uptrend in their respective portfolios. In this article, we have covered the in-depth price analysis for The Graph (GRT) and Akash Network (AKT) for the upcoming week.
<h2 class="wp-block-heading" id="h-the-graph-grt">The Graph (GRT):</h2>
The <a href="https://coinpedia.org/price-prediction/the-graph-grt-price-prediction/" rel="noopener noreferrer nofollow">GRT price</a> has displayed a significant bullish price action by recording a surge of 76% in its 24-hour trading volume to $175.346 Million, resulting in the altcoin adding 12.70% to its portfolio within the past day and 21.94% over the past seven days.&nbsp;
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/pk0bju3bR4cXUnWh8OGZNTTQxYZgWxPvsp0d6rhYyymrdYsgIrOsPRgFx8vffI1PSfSn3ZXpf0DRFOyllXpbuJPGE0CN3_S2GHeXBMh5cOJgE8TTc8rYwKvb-qTY3UXrm7un5PK1zFqf15oFp2Hw6xU" alt="GRT Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: GRT/USDT
 </figcaption>
</figure>
Moreover, the Graph price has successfully formed a symmetric triangle pattern in the 1D time frame and is on the verge of testing its resistance trendline, the outcome of which is unpredictable. Furthermore, the Cross EMA 50/200-day shows a bullish convergence in the price chart, indicating a strong bullish influence for this altcoin in the crypto industry.
The technical indicator, MACD, shows a constant rise in the green histogram, indicating increased buying-over-selling pressure within the crypto industry. Furthermore, the averages display a bullish pattern, suggesting the <a href="https://markets.coinpedia.org/the-graph/" rel="noopener noreferrer nofollow">Graph token</a> will continue gaining value in the coming time.
If the bulls successfully break out of the symmetric triangle pattern, the price will be prepared to test its resistance level of $0.3550 by the upcoming weekend. However, if the bears overpowered the bulls, The Graph price would fall toward its support trendline.
<h2 class="wp-block-heading" id="h-akash-network-akt">Akash Network (AKT):</h2>
The <a href="https://markets.coinpedia.org/akash-network/" rel="noopener noreferrer nofollow">AKT price</a> has surged approximately 20% within the past day, making it the top gainer among the top 100 tokens of the crypto industry within the past day. Moreover, the Akash Network has added 37.66% within the past seven days and its YTD stands at 136.20%, indicating a positive outlook for this altcoin in the coming time.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/fRBrzA83VpZA1L-ttw2P1lPeO5g78Ze6nWeEIvlfTs4WswYebdD4-HOjWw0l6LEjtqEemOfPyDowV_59O-1j2dreuxfQtqfjVNFiJXgW-kI3dIZo82CNoR-V0qpfmYQbY4QLq8Qgvz3Kf9ShDlhciqE" alt="Akash Network Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: AKT/USDT
 </figcaption>
</figure>
The Moving Average Convergence Divergence (MACD) displays a constant green histogram in the 1D time frame, highlighting an increase in the bullish influence in the crypto space. Moreover, the averages show a significant rise in the chart, indicating a bullish outlook for the AI token in the coming time.
If the Akash Network price continues to trade under a bullish sentiment, it will attempt to test its resistance level of $6.20 over the upcoming weekend. Conversely, a bearish trend reversal could pull the price toward its lower support level of $4.23 this month.

Akash Network (AKT) And The Graph (GRT) Surge As AI Tokens Rebound! What’s Next?

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